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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities    
Consolidated net income $ 141,709 $ 175,093
Reconciliation of consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 9,250 10,746
Stock-based compensation expense 6,231 5,637
Provision for doubtful accounts receivable 1 (15)
Loss from unconsolidated affiliates 8,007 984
Dividends from unconsolidated affiliates 2,024 0
Insurance proceeds - noncapital related 15,000 0
Gain on disposals of properties (1,567) (115)
Gain on sales of securities (365) 0
Deferred income tax expense 940 372
Changes in assets and liabilities, net of effects of business sold:    
Receivables (75,200) (111,547)
Inventories 22,502 (581)
Other assets 11,984 (17,950)
Current liabilities 33,948 50,842
Other liabilities (907) (2,275)
Other, net 68 427
Net cash provided by operating activities 173,625 111,618
Cash flows from investing activities    
Capital expenditures (16,406) (7,556)
Insurance proceeds - capital related 0 8,000
Proceeds from the sale of securities 0 50,000
Proceeds from the sale of securities 96,465 0
Issuance of notes receivable (12,500) 0
Proceeds from sales of assets 2,878 118
Dividends from unconsolidated affiliates 0 644
Net cash provided by investing activities 70,437 51,206
Cash flows from financing activities    
Dividends paid to stockholders of Mueller Industries, Inc. (22,255) (16,729)
Repurchase of common stock (27,930) 0
Repayments of debt (56) (56)
(Repayment) issuance of debt by consolidated joint ventures, net (77) 297
Net cash used to settle stock-based awards (2,489) (2,611)
Net cash used in financing activities (52,807) (19,099)
Effect of exchange rate changes on cash (670) 2,573
Increase in cash, cash equivalents, and restricted cash 190,585 146,298
Cash, cash equivalents, and restricted cash at the beginning of the period 1,174,223 465,296
Cash, cash equivalents, and restricted cash at the end of the period $ 1,364,808 $ 611,594

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